Meanwhile, some are betting that bankers UBS and Lazard working with the troubled mining and manufacturing business Arrium may soon announce a restructuring proposal for the overall company.
This follows so-far unsuccessful attempts to sell its profitable mining consumables business Moly-Cop for close to $2 billion.
While major buyout firms such as Blackstone expressed interest in the operation, one of the factors hindering a potential sale was understood to be questions surrounding whether the company could continue as a going concern without the mining consumables arm.
ARI Price at posting:
4.8¢ Sentiment: None Disclosure: Held
